Author: Press Room

Former President Donald Trump, the Republican presidential nominee, drew gasps on Wednesday when he said at the National Association of Black Journalists convention that Vice President Kamala Harris, the presumptive Democratic nominee, had suddenly adopted a Black identity. Harris’ father is from Jamaica, her late mother from India. Trump claimed: “I’ve known her a long time, indirectly, not directly very much, and she was always of Indian heritage, and she was only promoting Indian heritage. I didn’t know she was Black until a number of years ago when she happened to turn Black, and now she wants to be known as…

One of the most commonly quoted pieces of investment advice (or cliché) is you want to buy low and sell high. It’s as simplistic, as it’s unhelpful. Despite the obviousness of the advice, there’s only one proven way to do this consistently: through a tactic called rebalancing. It’s an important wrinkle to remember as the summer doldrums hit. Despite the flurry of activity on the last day of July, as the Federal Reserve hinted at September interest rate cuts, the summer results in fewer trades and, commonly, poorer performance. While there’s no hard-and-fast rule to these things, historically speaking August…

Sellers are pricing their homes at record-high prices, but buyers aren’t biting. High interest rates and high listing prices are keeping buyers away. This does mean that the buyers who are still looking have some wiggle room they haven’t had in the last few years. Pending home sales fell by 3.8% for the first half of June, the largest decline in about four months, according to Redfin data. As homes stay stagnant on the market, their listings sitting online for more than a month or more, some sellers are cutting prices.”A few years ago, I never would have told a…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. During the week of July 22, 2024, average private student loan rates decreased for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year fixed-rate loans and 5-year variable-rate loans. 10-year fixed rate: 7.50%, down from 7.62% the week before, -0.125-year variable rate: 9.65%,…

Powell says a potential September rate cut would be apoliticalFederal Chair Powell said a rate cut at the September meeting would be unrelated to the upcoming presidential election.He said the central bank would be “absolutely” apolitical if it lowered borrowing costs at the meeting. But the Fed chief also cautioned against assuming that a cut was definitely happening.”We never use our tools to support or oppose a political party, a politician or any political outcome,” Powell said.He also said the central bank’s economic forecasts do not take into account who wins the presidency.”We would never try to make policy decisions…

WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its target, which could open the door for future interest rate cuts.Central bankers made no obvious indications, though, that a reduction is imminent, choosing to maintain language that indicates ongoing concerns about economic conditions, albeit with progress. They also preserved a declaration that more progress is needed before rate reductions can happen.”The Committee judges that the risks to achieving its employment and inflation goals continue to move into better balance,” the Federal Open Market Committee’s post-meeting statement said, a slight…

Pershing Square USA said on Wednesday it was withdrawing its initial public offering, a day after hedge fund manager Bill Ackman’s new portfolio in the United States disclosed it would raise roughly $2 billion in capital. Ackman said on Wednesday he would revisit the IPO once he is ready to launch a revised transaction. “While we have received enormous investor interest in PSUS, one principal question has remained. Would investors be better served waiting to invest in the aftermarket than in the IPO?,” Ackman said in a statement. The fundraising target for the new fund was a fraction of the $25 billion the…

A10 Networks, Inc. (NYSE:ATEN) Q2 2024 Earnings Conference Call July 30, 2024 4:30 PM ET Company Participants Tom Bauman – FNK Investor RelationsDhrupad Trivedi – President and Chief Executive OfficerBrian Becker – Chief Financial Officer Conference Call Participants Stephan Guillaume – SidotiGray Powell – BTIGHamed Khorsand – BWS Financials Operator Thank you for joining. I would like to welcome you all to the A10 Network’s Second Quarter 2024 Financial Results Conference Call. My name is Brika and I’ll be your moderator for today. All lines will be muted during the presentation portion of the call with an opportunity for questions…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israel said on Tuesday it had killed a senior Hizbollah commander in an air strike on Beirut, stating the operation was retaliation against the individual responsible for a deadly rocket attack on the Israeli-occupied Golan Heights. The Israeli military said Fuad Shukr died in the attack on an area of southern Beirut that is a Hizbollah stronghold.The Israel Defense Forces described Shukr as Hizbollah’s most senior military commander and right-hand man to Hassan Nasrallah, leader of the Iran-backed Lebanese militant group. Hizbollah…

A series of viral posts on social media this week promoted claims that NFL quarterbacks Joe Burrow of the Cincinnati Bengals, Jared Goff of the Detroit Lions and Daniel Jones of the New York Giants had joined a public “White Dudes for Harris” online fundraising call Monday night in support of presumptive Democratic presidential nominee Vice President Kamala Harris. Facts First: The viral posts are false. A source connected to Burrow, a source connected to Goff and a source connected to Jones told CNN Tuesday that each of them was not on the call. The three quarterbacks have not publicly endorsed…